H.R. 7401119th CongressHouse Bill

Small Business Lending Fraud Prevention Act

Passed the House

This bill requires Small Business Administration (SBA) employees who participate in the origination, review, or approval of SBA loans to certify in writing prior to such participation that the employee does not have any conflict of interest with respect to the loan, will disclose any such conflict of interest arising after the certification is made, and understands the requirements with respect to conflicts of interest applicable SBA employees. Under current law, federal employees must disclose financial conflicts of interest with respect to a particular matter and recuse themselves from such matter (with limited exceptions upon authorization from the employee's agency designee). The SBA must issue regulations implementing the requirements of this bill.

Introduced Feb 5, 2026Last action Jun 24, 2026
Introduced in HouseFeb 5, 2026
Reported by CommitteeFeb 11, 2026
Passed HouseJun 24, 2026
4
Senate consideration

Being considered by the Senate

5
Become Law

This house bill has been approved by the House of Representatives and is now before the Senate.

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